Property insurers cull – 17 downgraded in one swoop

[ad_1] Financial Stability Ratings (FSR) are what allow insurance companies to operate in Florida. But according to the Insurance Information Institute (Triple-I) many insurance agents can only market and write policies for companies with “A” ratings. Companies issued with an “NR” (No Rating) are at high risk of entering receivership with the state. Mortgage providers […]

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LTCi Carrier Secures Dismissal of Class Action Case Alleging ERISA Violations Stemming from LTC Insurance Premium Rate Increases | Faegre Drinker Biddle & Reath LLP

[ad_1] A federal judge has dismissed a putative class action case brought by a plaintiff asserting ERISA violations against The Prudential Company of America (“Prudential”) and Tufts University (“Tufts”), stemming from premium rate increases to an ERISA group long-term care insurance plan sponsored by plaintiff’s employer, Tufts, and issued by Prudential. On July 12, 2022, […]

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CMS Issues Outpatient Prospective Payment System Proposed Rule for CY 2023 | King & Spalding

[ad_1] [co-author: Sophie Munroe] On July 15, 2022, the Centers for Medicare & Medicaid Services (CMS) published a proposed rule to update the payment policies, payment rates, and other provisions for services furnished under the Medicare Outpatient Prospective Payment System (OPPS) and the Ambulatory Surgery Center (ASC) Payment System in calendar year (CY) 2023 (the […]

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Learn More About Life Insurance During Life Happens’ Twitter Chat – Life Happens

[ad_1] With 106 million adults living with an uninsured or underinsured need gap, there is a chance you need more life insurance. Join Life Happens for a Twitter Chat during Life Insurance Awareness Month this September. You’ll learn about all things life insurance from insurance professionals and companies. You are encouraged to ask questions, reply […]

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“Stranger Danger”: The Perils of Loss Portfolio Transfers and Third-Party Administrator Claims Handling | Pillsbury – Policyholder Pulse blog

[ad_1] The past several decades have muddied what once was a clear relationship between policyholders and their insurers. For pre-1987 occurrence-based policies in particular, policyholders face an increasingly familiar scenario: one day, they learn they are no longer dealing with the insurer that sold them insurance. A stranger has crept into the relationship. The stranger […]

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Two Recent False Claims Act Settlements Highlight the Benefits of Self-Disclosure, Remediation, and Cooperation | Mintz – Health Care Viewpoints

[ad_1] Disclosing known or suspected fraud to regulators can have its benefits.  As reported in a previous post, the Department of Justice (DOJ) issued policy guidance in 2019 on providing credit in False Claims Act (FCA) settlements to corporations for “disclosure, cooperation, and remediation” (the Policy Guidance).  Since then, the industry has been watching to […]

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